Commodity Trade Mantra

Posts Tagged ‘Oil Patch Bust’

Will the Oil Patch Bust Trigger US / Global Recession?

Since early 2010, energy producers have raised $550 billion of new bonds & loans as the Federal Reserve held borrowing costs near zero. This seemingly inexhaustible credit line is now drying up, with severely negative consequences for oil producers with debt that’s coming due. Could the oil patch bust triggered by oil plummeting to $50/barrel kick the U.S. into recession?

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